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[Analyst: How To Identify Important Price Support And Respond To Market Trend Changes] According To Analyst Murphy On X, The Concepts Of Support And Resistance Levels Are Very Common In Traders' K-line Techniques, And These Prices Are Usually Derived Through Volume Price Analysis, Moving Averages, And Other Technical Theories. On-chain Data Analysis Is No Exception, Where "price Support" Reflects The Consistency Of Investor Behavior, Break-even Points, Market Sentiment, And Supply And Demand. Although We Have Firm Confidence In The Continuation Of The Bull Market Cycle, There Is Always Uncertainty In The Market. Once The Market Trend Deviates From Expectations, We Need To Be Prepared To Respond. Here Are A Few Important Data Points For Traders As A Reference: Short-term Holder Cost Price (STH-RPC, $63,400)-If The Price Of Bitcoin Remains Above This Level, The Trend May Continue To Rise. If The Price Falls Below This Level, The Market May Take A Long Time To Repair, And May Even Turn To A Bear Market. Market Value To Realization Value Ratio (MVRV Deviation, $56,400)-Through This Indicator, We Can Measure The Average Unrealized Profit Of Market Investors And Assess The Degree Of Bubble In The Current Market. This Level Has Historically Been A Strong Support Level. True Market Value (TMMP) And Active Investor Price (AIP, $48,400 And $53,800) - These Two Indicators Provide Key Levels For Judging The Bullish And Bearish States Of The Macro Market. The Buffer Zone Between These Two Levels Has A Strong Market Support Effect. Through These Key Data Points, Traders Can Better Understand And Predict Market Trends And Formulate Corresponding Trading Strategies
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